Sarens be
ActiveSarens be has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.69M and a net result of €-366k. Equity is shrinking by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 17% of 430 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-1
Solvency33=
Growth55▲+6
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.48 in 2024), but 88.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.2%
Return on assets
-0.5%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 430 sector peers (2025).
NBB · sector comparisonPosition among 430 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
48 d early
2023
49 d early
2022
49 d early
2021
39 d early
2020
33 d early
2019
43 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€49.65M▲ 43.5%
2024 · €34.61M
2018: €35.13M
2019: €29.47M
2020: €27.04M
2021: €28.86M
2022: €31.34M
2023: €38.51M
2024: €34.61M
2018 → 2025
EBIT margin
1.2%▼ 0.9pp
2024 · 2.2%
2018: -2.9%
2019: 6.5%
2020: 3.0%
2021: 37.5%
2022: 11.1%
2023: 0.9%
2024: 2.2%
2018 → 2025
Net result
€-366k▼ 360%
2024 · €-80k
2018: €-894k
2019: €775k
2020: €361k
2021: €7.86M
2022: €2.25M
2023: €-163k
2024: €-80k
2018 → 2025
Working capital
€15.54M▲ 95.7%
2024 · €7.94M
2018: €11.05M
2019: €14.65M
2020: €10.47M
2021: €21.48M
2022: €22.45M
2023: €230k
2024: €7.94M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€28.86M-€31.34M▲ 8.6%€38.51M▲ 22.9%€34.61M▼ 10.1%€49.65M▲ 43.5%
Equity€26.98M-€29.33M▲ 8.7%€9.21M▼ 68.6%€9.09M▼ 1.3%€8.69M▼ 4.4%
Operating result€10.82M-€3.47M▼ 67.9%€362k▼ 89.6%€755k▲ 108%€613k▼ 18.7%
Net result€7.86M-€2.25M▼ 71.4%€-163k€-80k▲ 51.2%€-366k▼ 360%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77.27M
Fixed assets
€38.16M▲ 30.6%
Current assets
€39.12M▲ 60.1%
Equity and liabilities €77.27M
Equity
€8.69M▼ 4.4%
Provisions
€1.92M▼ 24.7%
Debt
€66.66M▲ 58.7%
The debt ratio rises from 78.3% to 86.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€10.77M▲
2024 · €10.05M
Cash flow
€9.79M▲
2024 · €9.22M
Solvency
11.2%▼
2024 · 17.0%
Current ratio
1.66▲
2024 · 1.48
Quick ratio
1.66▲
2024 · 1.48
Debt / equity
7.67▲
2024 · 4.62
ROE
-4.2%▼
2024 · -0.9%
ROA
-0.5%▼
2024 · -0.1%
Interest coverage
7.91▼
2024 · 10.78
Debt
€66.66M▲
2024 · €42.01M
Debt ≤ 1 year
€23.58M▲
2024 · €16.49M
Debt > 1 year
€31.05M▲
2024 · €21.78M
Income taxes
€747k▲
2024 · €83k
Staff costs
€17.74M▲
2024 · €14.69M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€53.64M€77.27M▲
Fixed assets21/28€29.22M€38.16M▲
Tangible fixed assets22/27€26.10M€35.04M▲
Land and buildings22€782k€731k▼
Plant, machinery and equipment23€57k€84k▲
Furniture and vehicles24€7.68M€8.17M▲
Leasing and similar rights25€17.59M€26.05M▲
Financial fixed assets28€3.11M€3.11M=
Affiliated companies280/1€3.11M€3.11M=
Participating interests280€3.11M€3.11M=
Current assets29/58€24.43M€39.12M▲
Amounts receivable within one year40/41€11.03M€17.06M▲
Trade receivables40€10.74M€17.05M▲
Other amounts receivable41€294k€2k▼
Current investments50/53€12.08M€21.95M▲
Other investments51/53€12.08M€21.95M▲
Cash at bank and in hand54/58€1.30M€104k▼
Deferred charges and accrued income490/1€14k€9k▼
Equity and liabilities
Total equity and liabilities10/49€53.64M€77.27M▲
Equity10/15€9.09M€8.69M▼
Contributions10/11€800k€800k=
Capital10€800k€800k=
Issued capital100€800k€800k=
Reserves13€8.43M€6.55M▼
Non-distributable reserves130/1€81k€81k=
Legal reserve130€80k€80k=
Reserves not available under the articles1311€726€726=
Tax-exempt reserves132€8.35M€6.47M▼
Profit (loss) carried forward14€-245k€1.27M▲
Investment grants15€103k€68k▼
Provisions and deferred taxes16€2.54M€1.92M▼
Deferred taxes168€2.54M€1.92M▼
Amounts payable17/49€42.01M€66.66M▲
Amounts payable after more than one year17€21.78M€31.05M▲
Financial debts170/4€21.78M€31.05M▲
Leasing and similar obligations172€21.78M€31.05M▲
Amounts payable within one year42/48€16.49M€23.58M▲
Current portion of amounts payable after more than one year42€3.48M€5.63M▲
Financial debts43€1.18M€1.25M▲
Credit institutions430/8€1.18M€1.25M▲
Trade debts44€9.14M€12.01M▲
Suppliers440/4€9.14M€12.01M▲
Taxes, remuneration and social security45€2.68M€4.61M▲
Taxes450/3€529k€1.70M▲
Remuneration and social security454/9€2.15M€2.91M▲
Other amounts payable47/48-€77k
Accrued charges and deferred income492/3€3.74M€12.04M▲
Income statement
Code20242025
Operating income70/76A€39.99M€53.40M▲
Turnover70€34.61M€49.65M▲
Other operating income74€5.38M€3.57M▼
Non-recurring operating income76A-€179k
Operating charges60/66A€39.23M€52.79M▲
Goods for resale, raw materials and consumables60€2.21M€2.16M▼
Purchases600/8€2.21M€2.16M▼
Services and other goods61€12.93M€22.47M▲
Remuneration, social security and pensions62€14.69M€17.74M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9.30M€10.16M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k€119k▲
Other operating charges640/8€105k€136k▲
Operating profit (loss)9901€755k€613k▼
Financial income75/76B€376k€504k▲
Recurring financial income75€345k€504k▲
Income from current assets751€309k€469k▲
Other financial income752/9€36k€35k▼
Non-recurring financial income76B€31k-
Financial charges65/66B€942k€1.36M▲
Recurring financial charges65€942k€1.36M▲
Debt charges650€933k€1.36M▲
Other financial charges652/9€9k€3k▼
Profit (loss) for the period before taxes9903€189k€-247k▼
Transfer from deferred taxes780€550k€628k▲
Transfer to deferred taxes680€735k-
Income taxes67/77€83k€747k▲
Taxes670/3€95k€749k▲
Tax adjustments and reversals of tax provisions77€12k€2k▼
Profit (loss) for the period9904€-80k€-366k▼
Transfer from tax-exempt reserves789€1.66M€1.88M▲
Transfer to tax-exempt reserves689€2.21M-
Profit (loss) for the period to be appropriated9905€-623k€1.52M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-245k€1.27M▲
Profit (loss) brought forward from the previous period14P€377k€-245k▼
Social balance
Average headcount (FTE)9087174.5188.7▲
The notes to these accounts (77 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €7.86M ▲2080%
Operating result €10.82M, net result €7.86M, both a record.
31-12
Financial
Equity above €25MEq €26.98M ▲41.3%
3 profitable years in a row build equity to €26.98M.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €775k
Net result €775k after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
43 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Meise · 7 establishment units since 1947
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Autoweg 81861 MeiseGround area
40.8 ha
Building footprint
6,165 m²
Volume, LiDAR
85,571 m³
7 parcels, Flanders, Wallonia · tallest building 22.4 m, ±7 floors. Linked by address, not a title deed.
7 establishment units
Sarens Be
since 19472.005.379.780
Sarens Be
since 19582.004.572.009
Sarens Be
since 20052.147.892.279
Sarens Be
since 20092.192.396.770
Langerbruggekaai 40, 9042 Gent
since 20112.210.746.301
Sarens Be
since 20122.228.162.650
Show 1 more locations
Sarens Be
since 20232.340.046.014
7 parcels
Flanders
6
(85.7%)
Wallonia
1
(14.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093B0202/00E000 | Flanders | 18.3 ha | 1 · 394 m² | 8.3 m · 2 fl. |
| 11820D0014/00W003 | Flanders | 14.8 ha | 1 · 902 m² | 17.7 m · 5 fl. |
| 44813R0857/00R000 | Flanders | 3.6 ha | 1 · 2,857 m² | 22.4 m · 7 fl. |
| 71305F1352/00H020 | Flanders | 2.8 ha | 1 · 266 m² | 4.7 m · 1 fl. |
| 11052B0154/00Z000 | Flanders | 1.3 ha | 1 · 1,539 m² | 15.9 m · 2 fl. |
| 11818B0162/00W002 | Flanders | 109 m² | 1 · 109 m² | 11.6 m · 3 fl. |
| 57051A0660/00Y002 | Wallonia | 99 m² | 1 · 99 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 6
7 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 444,595 EUR awarded · 204,595 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | -538,790 EUR | 8,810 EUR |
| 2024 | 2 | 793,653 EUR | 6,053 EUR |
| 2023 | 3 | 28,711 EUR | 91,775 EUR |
| 2022 | 2 | 161,021 EUR | 97,957 EUR |
Schemes
Ecologiepremie+
Vlaams opleidingsverlof (VOV)
Subsidies ecologisch en veilig transport (stopgezet)
Recognitions · licences · registrations
Recognised contractor
2 categoriesSarens be NV40416
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Of 15,430 companies in sector 43990 we hold annual accounts for 7,352. 567 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45500
71320
77320Rental and leasing activities
47812Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.